On February 11th, the Honourable Jim Carr, Minister of International Trade Diversification, was joined at the Vancouver Convention Centre by the Honourable François-Philippe Champagne, Minister of Infrastructure and Communities, and by representatives of the business community to celebrate the entry into force of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The CPTPP gives Canadians greater access to the most dynamic markets in the Asia-Pacific region. The agreement means that Canadian entrepreneurs—from farmers, fishers, scientists and manufacturers to owners of small businesses—gain access to half a billion new customers. Combined with the Canada-European Union Comprehensive Economic and Trade Agreement and the Canada-United States-Mexico Agreement, Canadian businesses now have access to 1.5 billion new customers in over 50 countries.
In Vancouver, Minister Carr highlighted the new business opportunities created by this ambitious trade agreement as well as the programs and services the Canadian Trade Commissioner Service (TCS) provides to help Canadian firms access Asia-Pacific markets. With the entry into force of the CPTPP, Canadian exporters can now take advantage of tariff reductions across all sectors, including agriculture and agri-food, fish and seafood, industrial goods and machinery, and forest and value-added wood products, as well as a range of other market-access improvements.
To help Canadians take advantage of the benefits of Canada’s trade agreements and access new markets, the Government of Canada is investing $1.1 billion in programs and services that:
- provide resources to small and medium-sized enterprises to help them explore new export opportunities;
- enhance trade services for Canadian exporters; and
- help Canadian innovators add value, succeed and grow their businesses.
Source: Global Affairs Canada
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